We refer to previous reports carried by MalaysiaKini, apparently working hand-in-hand with a foreign controlled blog Sarawak Report – who published an alleged charge sheet against the Prime Minister and a diagram of alleged fund flows into his accounts – saying that a RM4 billion loan obtained by SRC International from KWAP had been misappropriated.
We strongly reject these allegations. Having conducted an internal investigation, we believe these claims were based on documents that were fabricated, therefore representing a deliberate attempt to mislead the public.
In reality, all the RM4 billion borrowed from KWAP is accounted for on our balance sheet, in accordance with standard accounting and governance practices. None of it was misappropriated as claimed by those with malicious intent.
With respect to SRC’s CSR activities, any expenditure by the company on social programmes is derived from cash income generated from our investments.
Over the years, this has amounted to approximately RM500 million excluding other non-cash items, providing us with strong income to use for such purposes.
Perhaps the boss of SRC Nik Faisal Arif Kamil now dares to come back to Malaysia to make his case in person?
He has been skulking in the shadows abroad for months waiting for his boss the PM to sort things out and shut down the investigations.
The idea that SRC’s finances are accounted for is laughable and it has been widely pointed out that their accounts are a mess and constantly delayed.
Till now it has never been denied that money travelled, thanks to Nik’s offices, from SRC to a company co-owned by him, Gandingan Mentari Sdn Bhd to another company Ihsan Perdana Sdn Bhd and into the Prime Minister’s personal account.
This was confirmed by the four task force investigation before the Prime Minister shut it down and has been widely reported internationally, including by the Wall Street Journal, which SRC interestingly fails to mention when it alleges that Sarawak Report has ‘colluded’ with Malaysiakini.
If SRC thinks Sarawak Report has got it wrong, then instead of running to local police forces to demand tame non-action, it should take up a court case against us in London, where we can examine the actual evidence.